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ProSource Announces Acquisition of IT Services Company, Infitech

Thu, 28 Mar 2013 00:55:04 -0400

ISSP Consultants Cohort Program To Launch the Day Before ISSP Conference 2013 This May in Chicago

Thu, 21 Feb 2013 06:15:00 -0500

HP Rising: Receives Interest in Autonomy, EDS, Says WSJ

Wed, 16 Jan 2013 15:00:11 -0500

Shares of Hewlett-Packard (HPQ) are up 70 cents, or 4%, at $17.23, after The Wall Street Journal‘s Anupreeta Das, Ben Worthen and Sharon Terlep reported the company has “received expressions of interest from potential suitors for its Autonomy Corp. business” that the company purchased for more than $10 billion back in the fall of 2011, [...]

HPQ: Debt Precludes a PC/Printer Spin, Says UBS; Whitman in NFL Coach Spot

Fri, 04 Jan 2013 12:49:14 -0500

UBS's Steve Milunovich today reiterates a Sell rating on shares of Hewlett-Packard (HPQ), writing that he's encouraged by hints in the company's 10-K filing, made last week, that it would consider selling assets, but that it's not likely to be what he's been hoping for, namely a splitting off of the personal computer and printer operations. Milunovich was referring to the single phrase "[HP] continues to evaluate the potential disposition of assets and businesses that may no [longer] help us meet our objectives," contained in the filing. That phrase helped give the stock some new life on Wednesday, when media picked up on it as a clue to possible future restructuring initiatives. CEO Meg Whitman is in the hot seat just like an NFL coach, observes Milunovich:

Last “Black Monday” a number of NFL GMs and coaches were fired as their teams underperformed. HP has suffered too many changes at the top, so we think Meg Whitman has some time to execute her planned turnaround. Still, shareholders likely are as impatient as unruly football fans. Although we don’t think the turnaround will work, the stock might find a bottom in anticipation of eventual change.

However, although Whitman needs time to complete various priorities, a breakup still is the best long-term thing for HP, argues Milunovich:

A break up is in the long-term interest of shareholders. Bill George, Harvard professor and former CEO of Medtronic, penned an article in which he argued that HP should split as we’ve described: With 330,000 employees and $120 billion in revenue, HP has become too big to manage. It is really two businesses: a commodity personal computer and printer business and an enterprise systems, services and software business. The characteristics of these businesses are entirely different.

Unfortunately, Milunovich thinks HP couldn't even manage a splitting off of PCs at this point, because it's not yet healthy enough to support its debt burden:

Infosys: William Blair Sees In-Line FYQ3 Despite Demand Challenges

Thu, 03 Jan 2013 18:28:11 -0500

William Blair‘s Bhavan Suri today reiterated a Market Perform rating on shares of Infosys (INFY), writing that his “checks” suggest demand in the fiscal Q3 ended last month “remains challenging.” While retail and manufacturing remain areas of relative health for the company, clients on the Eastern Seaboard of the United States were affected by Hurricane [...]

ACN Slips: FYQ1 Rev View Misses, Q2 View Light, Raises Year EPS View

Wed, 19 Dec 2012 16:29:05 -0500

Shares of Accenture (ACN) are down $2.65, or almost 4%, at $67.75 in late trading after the company this afternoon reported fiscal Q1 revenue that slightly missed analysts’ estimates, but beat on the bottom line, and forecast this quarter’s revenue below consensus, but projected full-year net revenue to beat expectations. Revenue in the three months [...]

INFY: Cowen Cuts to Hold on Survey Feedback, Rising IBM Competition

Mon, 03 Dec 2012 11:12:34 -0500

Shares of IT services provider Infosys (INFY) are down 25 cents, or half a percent, at $44.20, after Cowen & Co.’s Moshe Katri cut the stock to Neutral from Outperform, on what Katri believes are disturbing IT survey results and increased competition from International Business Machines (IBM) and Accenture (ACN). Katri’s survey of “IT/Offshore spending” showed [...]

Infosys: Significant Slowdown in China, Q3 Visibility Limited

Fri, 12 Oct 2012 11:09:54 -0400

Infosys (INFY) head of Americas Ashok Vemuri was kind enough to chat for a few minutes today following a fiscal Q2 report that was in line with expectations and an outlook for profit that disappointed. In addition to Europe being “in real trouble,” and the U.S. being weak, China, as has been expected, is seeing [...]

Accenture Rising: FYQ4 Beats, Year View Tops Estimates

Thu, 27 Sep 2012 17:56:39 -0400

Shares of technology consulting outfit Accenture (ACN) are up $2.63, or 4%, at $68.01 in late trading after the company this afternoon reported fiscal Q4 revenue and earnings per share in line with analysts’ expectations and forecast this year’s revenue and profit above consensus. Revenue in the three months ended in August rose 2%, year [...]

$13.22 for his thoughts (each) at Brink’s…

Mon, 27 Aug 2012 10:44:31 -0400

All those ambitious junior executives of America who aspire to become chairman or CEO should really set their sights a little higher — to retired executive and honored senior adviser, also known as “consultant.” Granted, being chief something-or-other pays better, but it surely involves more work in return, to judge from the consulting agreement snared [...]

Retiring on $1,000 an hour at Kimberly-Clark…

Tue, 07 Aug 2012 10:44:05 -0400

There’s no question that top executives don’t retire like the rest of us: See Sam Palmisano’s nine-figure retirement package from IBM (IBM), or more recently, the $89,000-a-month “allowance” for former General Electric (GE) Vice Chairman John Krenicki, which Michelle footnoted last week. But less august executives can still rake it in on the way out [...]

INFY Drops 12% on Year View: Large Deals ‘Disappearing’

Thu, 12 Jul 2012 12:49:27 -0400

Shares of outsourcing giant Infosys (INFY) are down $5.02, or almost 12%, at $38.59 after the company this morning reported fiscal Q1 revenue that topped consensus, and profit in line with expectations, but cut its full-year outlook, citing broad lack of confidence among its clients. Revenue in the three months ended in June rose 4.8%, [...]

Bristow exec leaves, but not empty-handed…

Fri, 29 Jun 2012 10:35:14 -0400

For us, the end of June always drives home the realization that there’s only half a year left to accomplish the lofty goals we’ve set for 2012. But that’s a process of mental reflection, whereas bigger changes are afoot for Randall Stafford, the Senior Vice President and General Counsel, and Corporate Secretary of Bristow Group, Inc. [...]

Accenture FYQ3 Beats; Q4 View Light

Thu, 28 Jun 2012 16:06:36 -0400

Shares of technology consulting firm Accenture (ACN) are up $2.12, or 3.7%, at $58.75 in late trading after the company this afternoon reported fiscal Q3 revenue and earnings per share that slightly exceeded analysts’ expectations. Revenue in the three months ended in May rose 6%, year over year, to $7.2 billion, yielding EPS of $1.03. [...]

Ashley Colmer Joins The Prestigious Ranks Of Stanford Who’s Who

Mon, 14 May 2012 08:38:23 -0400

Joseph F. Schwartz Fits In The Plans Of Stanford Who’s Who

Mon, 14 May 2012 08:34:19 -0400

James N. Houston Appears In The Ranks Of Stanford Who’s Who

Mon, 14 May 2012 08:30:05 -0400

Adriana Brusi Joins The Exclusive Ranks Of Stanford Who’s Who

Mon, 14 May 2012 07:57:38 -0400

Marlene Travis Joins The Exclusive Ranks Of Stanford Who’s Who

Fri, 11 May 2012 08:36:00 -0400

Mark E. Kirkham Is An Asset To The Ranks Of Stanford Who’s Who

Thu, 10 May 2012 16:08:59 -0400

Charles Tchoreret Joins The Exclusive Ranks Of Stanford Who’s Who

Thu, 10 May 2012 14:13:30 -0400

Island living at $34 an hour, from Axis Capital…

Thu, 10 May 2012 10:56:44 -0400

There are all kinds of tax, regulatory and other reasons that insurance companies like to operate off the coast of the U.S. But it’s also no coincidence that some of the most popular spots for their headquarters are island get-aways like the Caymans and Bermuda. What’s more striking is the way these companies treat the [...]

Stanford Who’s Who Names Miguel Maal As An Executive Of The Year

Tue, 08 May 2012 11:46:09 -0400

Gerhard Olivier Earns Membership With Stanford Who’s Who

Tue, 08 May 2012 11:25:34 -0400

Andrew Fotheringham Earns Membership With Stanford Who’s Who

Tue, 08 May 2012 10:46:02 -0400

Maria del Carmen Cervantes Joins The Ranks Of Stanford Who’s Who

Sun, 06 May 2012 13:09:24 -0400

Dr. Charles Meltzer Joins The Exclusive Team Of Stanford Who’s Who

Sun, 06 May 2012 13:07:00 -0400

Kristine Arnold Is Enrolled In The Class Of Stanford Who’s Who

Sun, 06 May 2012 12:58:16 -0400

Stanford Who’s Who Names Douglas Broadhead As An Executive Of The Year

Sun, 06 May 2012 12:47:49 -0400

Cheryl Dyck Joins The Global Team Of Stanford Who’s Who

Fri, 04 May 2012 08:17:16 -0400

Julie Doherty Joins The Prestigious Ranks Of Stanford Who’s Who

Fri, 04 May 2012 07:01:18 -0400

Suzanne Rich Joins The Prestigious Ranks Of Stanford Who’s Who

Thu, 03 May 2012 09:53:56 -0400

Debra ‘Cas’ Findlay Is In The Books With Stanford Who’s Who

Wed, 02 May 2012 08:17:50 -0400

Joyce Vargese Graduates To The Class Of Stanford Who’s Who

Mon, 30 Apr 2012 10:58:16 -0400

Stanford Who’s Who Selects George Sukhishvili For Membership

Fri, 27 Apr 2012 08:34:23 -0400

Katia Tripod Joins The Global Team Of Stanford Who’s Who

Fri, 27 Apr 2012 08:22:32 -0400

Demetra Williams-Pitts Earns Membership With Stanford Who’s Who

Thu, 26 Apr 2012 08:50:26 -0400

Infosys: Citi Ups to Buy; Q4 Was the ‘Trough’

Wed, 25 Apr 2012 15:04:58 -0400

Citigroup‘s Surendra Goyal this afternoon raised his rating on shares of Infosys (INFY) to Buy from Neutral, and raised his price target on the ordinary shares traded in Mumbai (500209BOM) to 2,750 Rupees from a prior 2,700 Rupees, writing that despite “pessimism” regarding the company following weaker-than-expected fiscal Q4 results a week and a half [...]

Danielle Goldman Joins The Exclusive Ranks Of Stanford Who’s Who

Wed, 25 Apr 2012 09:38:37 -0400

Dieter Lange Joins The Prestigious Team Of Stanford Who’s Who

Wed, 25 Apr 2012 09:23:22 -0400

Yacek Szocinski Is Selected For Membership With Stanford Who’s Who

Mon, 23 Apr 2012 08:24:58 -0400

Theresa Swety Secures A Spot With Stanford Who’s Who

Mon, 23 Apr 2012 07:43:57 -0400

Don McGregor Earns Residence In The Ranks Of Stanford Who’s Who

Thu, 19 Apr 2012 12:04:14 -0400

Patricia Thompson Soars To The Top With Stanford Who’s Who

Wed, 18 Apr 2012 09:47:47 -0400

Michele Brassard Resides In The Ranks Of Stanford Who’s Who

Wed, 18 Apr 2012 09:33:36 -0400

Larry St. Antoine Earns Membership With Stanford Who’s Who

Wed, 18 Apr 2012 09:26:42 -0400

Anriet van Deventer Is Welcomed To The Ranks Of Stanford Who’s Who

Wed, 18 Apr 2012 09:17:23 -0400

Catherine Hodak-Andersen Receives The Call From Stanford Who’s Who

Tue, 17 Apr 2012 09:52:55 -0400

Clarissa Leary Joins The Prestigious Ranks Of Stanford Who’s Who

Tue, 17 Apr 2012 08:40:26 -0400

Infosys Slips: Three Downgrades; Will Others Show Better Growth?

Mon, 16 Apr 2012 11:53:49 -0400

Shares of Infosys (INFY) are down $1.18, or 2.4%, at $47.97 as analysts continue to digest a weaker-than-expected fiscal Q4 report on Friday, and a weak outlook from the IT services firm. The stock received three downgrades this morning, from Macquarie Equities Research, from CLSA Asia Pacific Markets, and from Deutsche Bank. Macquarie’s Nitin Mohta [...]